711# Forex Ghost

Submit by Ryurik (Рюрик)

 Forex Ghost is one the best trading system based on the envelopes, momentum and strength indicators. I am very happy to share this system. This forex strategy is for expert.

Description of the system

Suitable currency pairs:

Any, but preferably majors - EUR / USD, GBP / USD, USD / JPY, USD / CAD,

AUD / USD and other pairs with the US dollar.

Suitable timeframes: M15, M30, H1, H4

Metatrader indicators:

SHI Silver Trend;

Pivots;

Envelopes (24, 0, 0.23);

Envelopes (24, 0, 0.38);

Envelopes (24, 0, 0.64);

Stochastic (21, 8, 13);

RSI (14);

Money Flow Index (21);

Wuilliams % (35.

Buy

opening order conditions for the purchase of:

• Price Envelope reaches one of the lower limits which are

support levels

• There was a blue dot indicator SHI_SilverTrendSyg

• Stochastic shows oversold 20 level crossing from the bottom up

• RSI shows oversold 30 level crossing from the bottom up

• Williams% R shows oversold

 Money Flow Index shows oversold

All conditions must be met at the same time!

Sell

opening sell orders Conditions:

• The price reaches one of the top Envelope boundaries that are

resistance levels

• There was a red dot indicator SHI_SilverTrendSyg

• Stochastic shows overbought 80 level crossing from top to bottom

• RSI shows overbought 70 level crossing from top to bottom

• Williams% R shows overbought

• Money Flow Index also shows overbought

(All conditions must be met at the same time!)

Closing the gap:

Changing the direction of the trend.

Opposing evidence of any of the indicators.

Trailing Stop 10 points.

Stop loss - 30-40 points.

Update  08/05/2020

by Lorenz

A fast envelope has been introduced to increase trading operations, but also increasing risk.

Another stochastic has been introduced.

In addition, a version with a slower entry based on a trend indicator has been added.

Time frame 15 min or higher .

Currency pairs: Major, inor Indices and commodities.

Trading Indicators

Envelope

Stochastic Oscillator (13,3,8),close.

Stochastic Oscillator (21,8,3),close.

Half trend.

Trading rules

Buy

When the price bounces or breaks the lower envelope wait that stochastic oscillator crosses upward from ovwersold.

Option wait buy arrow of Half trend.

Sell

When the price bounces or breaks the upper envelope wait that stochastic oscillator crosses downpward from overbought.

Option wait buy arrow of Half trend.

This system works very well in side markets and with an irregular medium trend. It is recommended to search with the currency meter for the side currencies, and you will make many pips !!!

Telegram Channel:https://t.me/freeforexresources